Spahn & Rose Lumber Co. Acquires Moeller & Walter
Spahn & Rose Lumber Co. continues to grow! To boost its commitment to builders and contractors, the Dubuque, Iowa–based lumber distributor has reached an agreement to purchase Moeller & Walter, a full-service building design and materials store in Reinbeck, Iowa.
As part of the deal announced, Spahn & Rose will acquire Moeller & Walter’s real estate and business assets. To streamline operations and maximize efficiency, Spahn & Rose will combine its nearby Grundy Center location into the Moeller & Walter facility.
“This is a great acquisition that increases our presence in the Waterloo/Cedar Falls market,” Spahn & Rose CEO Dave Davis says. “By combining the Grundy Center Spahn & Rose location with Moeller & Walter, we’ll be able to serve our customers better than either location could before.”
The new business will be known as Spahn & Rose Lumber Co. Employees from both locations will be part of the new operation; Lynn Trask, former majority owner of Moeller & Walter, will become General Manager. Ron Petersen, Trask’s partner at Moeller & Walter, will also have a key role in the new business. Matt Wilson, General Manager of Spahn & Rose in Grundy Center, will serve as Assistant General Manager/Operations and Dan Mohlis of Moeller & Walter will serve as Assistant General Manager/Sales.
The agreement continues Spahn & Rose’s recent growth. In February 2019, Spahn & Rose acquired Dunn Lumber Co., based in Lake Geneva, Wisconsin. Terms of that deal were not disclosed.
About Spahn & Rose
Founded in 1904, Spahn & Rose is a leading lumber and building materials distributor in the Midwest and has been named one of the top 100 lumber and building materials distributors in the country by ProSales, a magazine that reports on contractor and construction-industry trends.
About Moeller & Walter
Moeller & Walter was founded in 1876 and is the oldest privately owned company in Grundy County, Iowa. It provides a full line of building materials for residential, commercial and farm projects throughout a roughly 60-mile radius around Reinbeck. Lynn Trask purchased the business in 1984; Ron Petersen became a partner in 2001.
Source: Spahn & Rose Lumber Co.